Abstract
The purpose of this chapter is to develop project system dynamic (SD) models that mirror non-linear Monte Carlo N-SCRA models of project Zemblanity. Only schedule part of risk exposure is considered. Required recalculations of parameters is undertaken. As these are no one-to-one relations between the parameters of the SD and Monte Carlo models, required assumptions are applied. These can be used for mutual calibrations of the two types of models. Two SD models are built that reflect on the project risk exposure before and after risk interaction addressing. Limitations of the project SD modelling are revealed. The SD modelling results demonstrate a good alignment of corresponding non-linear schedule and cost risk analysis (N-SCRA) and SD models. One additional SD model is built to explicitly demonstrate a contribution of risk compounding to overall project duration. The three workable SD models are available on the book’s companion website.
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